Credit Card Processing Blog Posts | Page 12

What Is A Merchant Account?

Once a merchant account has been set up, business owners can start accepting payments when customers use their credit cards to pay for a product or service. But what sets merchant accounts apart from other credit card processing solutions and how, exactly, do you integrate them with your business? Let’s quickly cover what merchant accounts are, how they work, and why so many business owners use them to accept cashless payments.

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Aug 12, 2024 Filed under: Credit Card Processing

PayPal Processing Fees

Most people have heard of the tagline “Pay with PayPal.” If you’ve ever bought or sold anything online, you’ve probably used PayPal, not just as a buyer but also as a seller. PayPal’s fees have become more complex over time, so this article has gathered all that information for easy reference.

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Aug 13, 2024 Filed under: Credit Card Processing

How To Analyze Your Credit Card Processing Statement

After you’ve worked through the details of your 2-3 consecutive statements, it’s worth repeating your effective rate calculation on each one, just to ensure you didn’t miss any charges. You may have also spotted an extra or padded fee here and there that you’re ready to confidently take up with your MSP. You should also be able to locate any anomalies that occurred during a given month (e.g., excessive penalty fees, chargebacks, one-time incidental fees, etc.) that may have impacted your effective rate.

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Aug 19, 2024 Filed under: Credit Card Processing
The Complete Guide to Preventing and Winning Chargebacks

The Small Business Guide To Preventing Chargebacks (& How To Fight Chargebacks When They Happen)

In a perfect world, you’d be able to take a series of proactive measures that would protect you from ever having to deal with chargebacks. Unfortunately, they’re an inevitable part of running a business that you’ll have to deal with sooner or later. For most merchants, chargebacks will only be an occasional irritant. For others, a high chargeback rate can lead to your business being classified as a high-risk merchant or even having your merchant account frozen or shut down. While we can’t make your business 100% chargeback-proof, we can help you to minimize their frequency and offer some tips on dealing with them when they inevitably occur.

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Aug 8, 2024 Filed under: Credit Card Processing